TRENTON — New Jersey’s largest insurance company “schemed in secret” to deliberately exclude Catholic hospitals from participating in a new plan that will lure customers with cheaper premiums, the president of the Catholic HealthCare Partnership said Monday. Sister Patricia Codey, the partnership’s president, said she could draw no conclusion other than religious discrimination to explain why… Read the rest of this entry »
TRENTON — New Jersey’s giant public worker pension system lost $2 billion in the fiscal year that ended in June as investment returns sagged to 4.16 percent, state investment officials said Wednesday. And the volatile stock market this summer brought an even bigger hit to pensions. The value of the fund was $79 billion at the… Read the rest of this entry »
Posted: September 24th, 2015 | Author:admin | Filed under:New Jersey, Pensions | Tags:NJ Pensions and Benefits | Comments Off on N.J. pension investments sag after years of double-digit returns
A drought watch has been issued in parts of 12 New Jersey counties, encompassing more than two-thirds of the population, after months of dry, warm weather that have driven the state’s water supply to worryingly low levels. Rainfall totals in parts of northern and central New Jersey have been just over 50 percent of average over… Read the rest of this entry »
ATLANTIC CITY — An appeals court Thursday upheld a lower court ruling allowing the Borgata Hotel Casino and Spa to mandate weight limits for servers known as “Borgata Babes,” the New Jersey Law Journal reported. More than 20 of the servers, who are required to wear revealing uniforms, objected to the policy, arguing it only affected… Read the rest of this entry »
Former Gov. Jim McGreevey has begun taking his state pension with a little help from Hudson County taxpayers, who will pay for his lifetime health benefits thanks to his recent four-month stint as a county attorney. The decision to allow McGreevey to work for the county for four months and then retire with lifetime benefits has… Read the rest of this entry »
TRENTON — The mother of a teenage New Jersey girl with epilepsy cannot come to school to feed her daughter cannabis oil that has helped control her seizures, a state judge ruled Tuesday, saying state and federal drug possession laws trump their right to use medical marijuana on school grounds. This is the third legal defeat… Read the rest of this entry »
TRENTON — Nearly all New Jersey residents age 35 and older say they hope to retire one day, but two-thirds are anxious about saving enough money so they could afford it, according to a poll released Thursday by AARP. AARP, the influential lobby for people 50 and older, is championing a solution for the roughly 1.7… Read the rest of this entry »
TRENTON — Another 16 New Jersey public worker unions are asking the U.S. Supreme Court to consider whether the state’s highest court erred by declaring a pension funding agreement between the state and employees unenforceable. In a petition filed with the U.S. Supreme Court, lawyers for 16 labor groups — including the New Jersey Education Association,… Read the rest of this entry »
By Jack Ciattarelli For decades, Trenton politicians from both parties have shied away from providing real long-term solutions. We can’t afford to wait any longer. Why are pension systems for municipal and county employees, as well as the Police and Firemen’s Retirement System, all solvent? Because the employer pension contributions to these systems are funded by… Read the rest of this entry »
LEONARDO — Past the gates and security checkpoints, down the miles of reinforced pier where train cars load ordnance aboard warships, beneath the waves and the watchful eye of the United States Navy, sit the world’s most heavily-guarded shellfish. For three years, the environmental group NY/NJ Baykeeper has been growing tankfuls of oysters at Naval Weapons… Read the rest of this entry »
TRENTON — New Jersey’s largest insurance company “schemed in secret” to deliberately exclude Catholic hospitals from participating in a new plan that will lure customers with cheaper premiums, the president of the Catholic HealthCare Partnership said Monday. Sister Patricia Codey, the partnership’s president, said she could draw no conclusion other than religious discrimination to explain why… Read the rest of this entry »
